Answered step by step
Verified Expert Solution
Question
1 Approved Answer
18) One year ago, you purchased 400 shares of stock at a cost of $8,650. The stock paid an annual 18) dividend of $1.10 per
18) One year ago, you purchased 400 shares of stock at a cost of $8,650. The stock paid an annual 18) dividend of $1.10 per share. Today, you sold those shares for $23.90 each. What is the capital gains yield on this investment? A) 11.33% B) 10.52% C) 15.61% D) 12.49%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started